Ethiopia is ranked 159th out of 190 countries on doing business index in 2019. Small and Medium businesses are springing up everywhere in Addis Ababa, the capital and financial city of Ethiopia and in other regions as well. Addis Houses can guide you through the business gateway to Ethiopia that has more or less all the required information on regulations and procedures one needs while starting a business in Ethiopia.
Ethiopian economy is getting stronger, paving the way for increased business opportunities. Here is a list of business ideas that one could consider to make the most of the present economic scenario:
- Real Estate & construction
The construction and real estate industry is growing with leaps and bounds in Ethiopia. Take a tour around Addis Ababa, you will see the landscapes and outskirts being occupied by luxury villas and apartments. The demand for properties is also increasing simultaneously, leaving a gap to be fulfilled by business aspirants.
- Agriculture & Food Processing
Agriculture is a vital industry in Ethiopia, providing more than 85% of employment to the people of the country. Various kinds of cereals are grown in the country, along with fiber crops, tea & coffee plantations, flowers, and so on. Forestry and fishery are also important resources of Ethiopia. Commercial processing of agricultural produces offers a great opportunity for a local business in Ethiopia.
- Manufacturing Industry
Today’s Ethiopia offers great opportunities in the manufacturing industry, primarily in the textile and garment sector. Other promising sectors include leather, metallurgy, food & beverage, electronic products, and the likes.
- Milling Plants (Maize & Wheat)
Owing to the increase in population, there is an increasing demand for wheat and maize flour in the country. This provides the scope for a local business opportunity for the people of Ethiopia. This business can be done in two ways; one, where the customers bring the grains for milling, and two, the owner of the mill makes flour in large quantities and sells as packaged products to wholesalers and retailers.
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